financial services guide (fsg) - … · 1 about this guide this financial services guide (fsg)...

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About this guide

This Financial Services Guide (FSG) explains the financial services provided by Millennium3 Financial Services Pty Ltd

(Millennium3) and your adviser (who is authorised through Millennium3). It is designed to help you make a fully-informed

decision about whether you want to use our services.

Please take the time to read this guide carefully. Sound financial advice is based on open communication. Understanding our

services and our fees is the cornerstone of this communication. It’s also important that you know who authorises your adviser,

the nature of their associations and relationships and what to do if you have a complaint. If you have further questions, or if

there is anything that isn’t clear please talk to your adviser or contact us.

This guide must be accompanied by an Adviser Profile which outlines your adviser’s skills, qualifications and the services they

are authorised to provide.

Welcome

Millennium3 advisers offer professional financial advice strategies to prepare for life’s financial ups and downs and help achieve

future security.

Who we are

Millennium3 is one of Australia’s largest financial planning groups with origins tracing back over 30 years.

Millennium3 has an extensive network of circa 300 qualified financial advisers located in all states, with head offices located in

Sydney and Brisbane. Each Millennium3 practice is locally owned by professionally qualified and authorised financial advisers.

Your adviser is either a self-employed practice owner or employed by the practice as an adviser. Collectively, Millennium3

advisers service around 300,000 clients with over $7 billion dollars in funds under advice and $260 million life insurance

protection premiums.*

Millennium3 is wholly owned by Australia and New Zealand Banking Group Limited (ANZ).

What we do

Millennium3’s network of advisers provide a range of financial services including investing, superannuation, retirement and

insurance. Specific information about the services your adviser is authorised to provide and their qualifications are contained

in the attached Adviser Profile.

It is critical that your adviser gets to know you to ensure that any recommendations made are appropriate for your individual

needs and circumstances. We encourage you to be open and honest with your answers and understand that personal, family

and business issues can be quite private. We stand by our promise to maintain your privacy. You can find out more about how

we protect your privacy under the heading ‘Protecting your privacy’.

Millennium3 Financial Services Pty Ltd ABN 61 094 529 987 | AFSL No. 244252

242 Pitt Street, Sydney NSW 2000Phone: (07) 3902 9800

www.millennium3.com.au

Date of issue: 1 January 2018

* figures are accurate as at November 2017.

Financial Services Guide (FSG)

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If incomplete or inaccurate information is provided to us this may result in inappropriate advice being provided, or we may not

be able to provide advice to you.

If it is established that you have needs outside of the expertise of your adviser, or your adviser cannot access products which

are in your best interests, they may first leverage the Millennium3 network to try and obtain suitable support. If your adviser is

unable to access suitable professional connections that can provide appropriate support in your best interests then you will be

informed that advice cannot be provided. Once we agree with you the scope of the advice you require, and the costs involved

for this advice, we will ask for your agreement to proceed. We may charge a fee for preparing your advice, even if you decide not

to implement our recommendations.

We are required by law to undertake certain checks which are very similar to those used when opening a bank account. This

ensures we comply with the Anti-Money Laundering and Counter Terrorism Financing Act.

How we work

A strong partnership with your adviser is based on a number of key meetings and deliverables designed to understand your

needs, identify your priorities and provide quality financial strategies and education to help deliver you a brighter future. The

various stages that may be included in this process are shown in the following diagram. Your adviser will work with you to

determine a process that is appropriate for you.

Before our meeting

• To provide appropriate advice in your

best interest, we need to thoroughly

understand your financial position.

• Prior to our meeting, it helps to

gather the necessary

information so that

we can make the

best use of our

time together.

Ongoing support

• Your adviser will set up an

ongoing service package that

meets your continuing financial

advice needs.

The fact find

• The fact find and needs

analysis is an in-depth

information gathering process

covering all aspects of your

financial position. It will look at your

needs and goals and your investor

profile, among other things.

Review sessions

• It is important to keep your

airs up to date.

• The review sessions will take into

account your changed

circumstances, as well as any

changes to legislation and

the market. We will tailor

it to fit with your

requirements.

Plan implementation

• Explanation of

recommendations in detail

and together we will decide on an

appropriate approach.

• This is where we arrange for

implementation of the recommendations.

That is, putting it all into place.

Plan preparation

• Using the information from the

fact find and our experience as

financial advisers, we analyse your

situation and identify key areas

requiring attention. These are

then detailed in our written

recommendations which

we will present to you.

IMPLEMENTATION

PR

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EG

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EE

TIN

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PRE-DISCOVERY MEETING

DIS

CO

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ME

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Important documents you can expect to receive

When your adviser provides personal financial advice for the first time you will be provided with a Statement of Advice (SOA).

The SOA details your personal advice, along with the basis for the advice. If you are given additional advice at a later time, you

may be given a further SoA or Record of Advice (RoA).

An RoA can only be used to provide advice if there has been no material change to your circumstances or strategy since your

previous SoA. Your adviser may provide you with a RoA document or the advice may be provided verbally. If you are given

verbal advice, your adviser will document the discussion and a copy of this record can be made available to you on request.

Copies of any previously supplied advice documents are available from your adviser.

If your adviser recommends the purchase of a financial product (other than ASX-listed securities) you will be given a Product

Disclosure Statement (PDS) containing information about that product. We encourage you to read it and ask your adviser any

questions you may have about the product.

If you want your adviser to undertake a transaction without providing you with advice, your adviser will issue you with a letter

confirming your instructions and disclosing any fees and charges payable by you and any benefits we may receive.

We will clarify and agree all fees and payments with you before providing our advice and services.

How you can instruct your adviser

You may provide instructions to Millennium3 or your adviser by email, fax, letter, or telephone. In some instances we can only

accept instructions in writing; if this is the case, we’ll let you know.

Approved Products List

Only products that have been examined by our experienced research team are placed on our Approved Products List (APL).

Your adviser will first source from products on this list before providing any recommendations. This means any investment your

adviser recommends has been thoroughly researched. They will only recommend a product after considering its suitability in

relation to your individual objectives, financial situation and needs. Where your strategy requires products other than those on

the APL to act in your best interests, the research team will be consulted and an alternative solution will be recommended.

Ongoing services

As your circumstances change over time, it is important that your adviser regularly reviews both your strategy and your

situation to ensure recommendations remain current and appropriate to your changing circumstances. Our ongoing services

program can include varying levels of advice, review, contact and information. Your adviser will discuss and agree your specific

ongoing service requirements as part of the provision of your initial advice.

Should you choose to enter into an ongoing fee arrangement with one of our advisers you will receive an annual Fee Disclosure

Statement (FDS). The FDS provides a summary of the services you were entitled to, the services you received, and the amount

you paid for those services on an annual basis.

How we are paid

The licensee (Millennium3) collects all advice fees and product revenue and pays these onto the practice. Your fees may be paid

directly to Millennium3 or they may be deducted from products used. Your adviser will fully disclose all fees, product revenue

and payments and will not implement their advice until these are agreed with you.

Millennium3 has arrangements with investment, superannuation and insurance providers and rebates may be paid based on

the amount invested as a group or sum of premiums paid or payable on insurance policies entered into prior to 1 January 2018.

Your adviser may be entitled to a share of the rebate and this will, or would have been, disclosed at the time he or she provides

you with advice. This is not an additional cost to you.

We are committed to an open and honest fee structure for the advice and services we provide. The cost of your advice will

depend on the nature and complexity of your circumstances and the service provided. The Adviser Profile attached to this

document explains in full how your adviser is paid.

Referral partners

If a third party refers you to your adviser the referrer may receive a referral fee, commission or non-monetary benefit. Similarly

your adviser may receive benefits if they refer you onto another party. This is not an additional cost to you. All referral payments

are disclosed in the Statement of Advice that is provided to you.

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What else you need to know

• Product and service provider sponsorship payments

Millennium3 may receive sponsorship payments from product and service providers to fund technical and professional

development training for our advisers.

• Benefits through product providers

Our practice owners or advisers may apply for and may qualify to receive commercial terms on a range of banking products

and services such as interest rates and limited recourse terms.

• EmPlus Superannuation Fund

Millennium3 is the administrator of the EmPlus Superannuation Fund and is entitled to remuneration in relation to its

administration role. EmPlus Superannuation Administration Pty Ltd is the promoter of the EmPlus Superannuation Fund.

Millennium3 is a shareholder in EmPlus Superannuation Administration Pty Ltd and may receive dividends and other

distributions as a shareholder of that company.

• Millennium Master Trust

The Millennium Master Trust is a division of the EmPlus Superannuation Fund which is now closed to new investors. In the

event that the Millennium Master Trust is sold, Millennium3 and/or your adviser may become entitled to an equitable interest

of the sale proceeds. Their entitlement amount is based on a mathematical formula which can be provided upon request.

• Other payments

We keep a full register of any benefits received by advisers of between $100 to $300. By law, your adviser is not permitted

to receive benefits in excess of $300 per year from a product issuer. In addition, Millenium3 keeps a register of any other

non-monetary benefits your adviser may receive in relation to education, training, technology support or software that is

relevant to the provision of financial advice. If you would like a copy of either register, please ask your adviser and one will

be made available to you.

If you have a complaint

In the first instance, complaints should be directed to your adviser. If your adviser does not satisfactorily resolve your complaint

within three working days, we encourage you to contact Millennium3 at 242 Pitt Street, Sydney NSW 2000 or by phone on

(07) 3902 9800.

If Millennium3 doesn’t provide you with a satisfactory response within 45 days, you have the right to refer your concerns to the

Financial Ombudsman Service (FOS). FOS provides a free, independent dispute resolution service for consumers. FOS can be

contacted at GPO Box 3, Melbourne VIC 3001 or by phone on 1800 367 287 (1800 FOS AUS).

The Australian Securities and Investment Commission (ASIC) also has a freecall infoline on 1300 300 630 which you may use

to obtain information about your rights, and to make a complaint. For more information, please visit their website

http://www.asic.gov.au.

The law requires Millennium3 to maintain a level of Professional Indemnity Insurance appropriate for our size and the scale and

complexity of our operations. Millennium3’s insurance covers claims made against Millennium3 and both its current and former

authorised representatives. Our policy is reviewed annually for currency and suitability and is a key element of Millennium3’s

license obligations.

Protecting your privacy

Millennium3 collects your personal information in order for one of its authorised representatives (that is, your adviser and/or

the practice where he/she works) to provide you with financial products and services. In order to undertake the management

and administration of products and services, it may be necessary for us to disclose your personal information to certain third

parties.

We and your adviser will collect and use information about you during the course of your relationship with each of us.

It is important that the information we hold about you is up to date. You must let your adviser know when information you

have provided has changed.

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Collection, use and disclosure of information

We may use and disclose the information your adviser collects about you for the following purposes:

- to assist in providing you with products and services;

- to consider your request for a product or service;

- to enable Millennium3 or another member of the ANZ Group to provide you with a product or service that was

recommended to you by your adviser;

- to tell you about other products or services that may be of interest to you;

- to assist in arrangements with other organisations (for example product issuers) in relation to the promotion or provision of

a product or service;

- to manage the relationship between you and your adviser and any accounts or policies which you hold, and perform other

administrative and operational tasks (including but not limited to risk management, systems development and testing,

credit scoring, staff training and market, customer satisfaction or investment research);

- to consider any concerns or complaints you raise against Millennium3 and/or your adviser and to manage any legal action

involving Millennium3;

- to identify, prevent or investigate any fraud, unlawful activity or misconduct (or suspected fraud, unlawful activity or

misconduct);

- to identify you or establish your tax status under any Australian or foreign legislation, regulation or treaty or pursuant to an

agreement with any tax authority; or

- as required by relevant laws, regulations, codes of practice and external payment systems.

We may disclose your information to another licensee in order to enable you to continue to receive financial products and

services in the following circumstances:

- where your adviser dies or their arrangements with us terminate;

- where our authorised representative becomes an authorised representative of another licensee; or

- where our authorised representative sells all or part of its business to another licensee.

Absence of relevant information

If you do not provide some or all of the information requested, Millennium3 may be unable to provide you with products or

services.

Information required by law

We may be required by relevant laws to collect certain information from you. Details of laws that require us to collect

information about individuals (personal information) and why these laws require us to collect personal information are

contained in the Privacy Policy which can be found at http://www.millennium3.com.au.

Providing your information to others

We may provide your information to:

- an authorised representative of ours (including your adviser) for the purposes outlined in this document;

- ANZ and any related entity of ANZ which may use the information to: carry out ANZ’s functions and activities; promote its

own products and services when recommended by your adviser; assess your application for one of its products or services;

manage your product or service; perform administrative and operational tasks; or comply with regulatory requirements and

prudential standards;

- an organisation that has an arrangement with Millennium3 to jointly offer products and/or has an alliance with

Millennium3 to share information for marketing purposes (and any of its outsourced service providers or agents), to enable

them or Millennium3 to: provide you with products or services; and/or promote a product or service;

- any agent, contractor or service provider of Millennium3 or its authorised representative, engaged to carry out or assist with

its functions and activities (for example, office support or paraplanning services, IT support providers and mailing houses);

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- an organisation that assists Millennium3 to identify, prevent or investigate fraud, unlawful activity or misconduct;

- regulatory bodies, government agencies, law enforcement bodies and courts;

- other parties Millennium3 is authorised or required by law or court/tribunal order to disclose information to;

- any person who introduces you to Millennium3;

- your referee(s);

- your employer;

- your partner or spouse where they have sought advice jointly with you; or

- your authorised agents; your executor, administrator or trustee in bankruptcy; your legal representative; your attorney; or

anyone else acting for you.

If you do not want us to tell you about products or services, please phone or email your adviser to withdraw your consent or

contact Millennium3 on 07 3902 9800 or [email protected].

Millennium3 may disclose information to recipients (including service providers and our related entities) which are (1) located

outside Australia and/or (2) either not established in or do not carry on business in Australia. You can find details about

the location of these recipients in the Privacy Policy which can be found at http://www.millennium3.com.au. In addition to

the countries listed in the Privacy Policy, Millennium3 also obtains services from an organisation which offshores personal

information to Singapore.

Where your adviser discloses your personal information to recipients located in countries which are not listed in the Privacy

Policy, he/she will inform you of those countries in the Adviser Profile.

If you would like a hard copy of this information, please call 13 13 14 for a copy of the Privacy Policy.

Privacy Policy

The Privacy Policy (http://www.millennium3.com.au) contains information about:

- the circumstances in which we or one of our related entities may collect personal information from other sources (including

from a third party);

- how to access personal information and seek correction of personal information; and

- how you can raise concerns that we or one of our related entities has breached the Privacy Act or an applicable code and

how we or our related entity will deal with those matters.

Collecting sensitive information

We will not collect sensitive information about you, such as information about your health, without your consent.

If applicable, we may collect health information with your consent. Your health information will only be disclosed to a service

provider or organisation where this is necessary in order to provide you with financial products and services.

Personal information you provide about someone else

If you give us personal information about someone else, please show them a copy of this notice so that they may understand

the manner in which their personal information may be used or disclosed in connection with your dealings with us.

Millennium3 Financial Services Pty Ltd ABN 61 094 529 987 AFSL 244252 M3/

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Adviser Profile Michael d’Apice Dip. Fin Serv. (Broking), Q.P.I.B.

This adviser profile forms an essential part of the Financial Service Guide (FSG). The FSG is not complete without it.

Authorised Representative Number: 270883

Corporate Authorised Representative Number: 415837

Adviser profile issue date: 1/1/2018

Michael d’Apice is an Authorised Representative of Millennium3 Financial Services Pty Ltd (Millennium3) AFSL 244252.

Michael d’Apice is employed by Austbrokers Financial Solutions (Syd) Pty Ltd which is a Corporate Authorised Representative of

Millennium3.

The financial advice and other services you receive will be provided to you by Michael d’Apice, or another employee of

Austbrokers Financial Solutions (Syd) Pty Ltd, on behalf of Austbrokers Financial Solutions (Syd) Pty Ltd .

My Qualifications and Experience

I have been involved in the Financial Services industry for over 28 years. I have been with the Austbrokers Group for over 20 years. I hold a Diploma of Financial Service (Broking) and am a Qualified Practicing Insurance Broker. I specialise in business succession planning, personal wealth protection and group risk insurance.

Services offered

I am authorised to provide advice in the following areas:

Personal Insurance

Business Insurance

Products offered

Life insurance products

How I am paid As the licensee, Millennium3 collects all advice fees and commissions. Millennium3 then pays the fees and

commissions, less an agreed amount (the licensee fee), to my Practice. The licensee fee retained by Millennium3

can range between $0 and $150,000 (excluding GST) per annum.

My Practice pays me out of the fees and commissions it receives from Millennium3, by one or more of the

methods outlined below.

Salary – I may be paid a salary based on my experience and capability.

Bonus – I may be eligible to receive a bonus, based on a combination of revenue and certain non-financial measures

(such as the quality of my service).

Profits – I may be eligible to receive a percentage of profits from the Practice.

Other – I may also receive other benefits, all of which are outlined in the FSG or will be disclosed in the advice

document at the time of providing advice.

At the time of providing advice, I will disclose the amounts that Millennium3, the Practice and I receive (if any) as a result of that advice.

My Other Benefits and Interests

I currently hold a 20% shareholding in Austbrokers Financial Solutions (SYD) Pty Ltd

Client fee and payment options Before providing advice, we will agree the fees and payment options with you. The fee you pay will depend on the complexity

of your circumstances and the services you require.

Fee for service Fee for service is based on the service we provide. This fee can be determined by:

An hourly rate • A percentage of funds invested (excluding borrowed funds)

A fixed dollar amount • A combination of these methods

If you are charged a fee for service, we will rebate to you commissions that would normally be payable to Millennium3.

We can invoice you directly for our fee for service. Alternatively, some products allow an adviser service fee to be

deducted from the balance of your investment.

Commissions Some providers pay commissions to Millennium3. The amount of commissions received will depend upon the type

of product and the amount invested or premium paid.

If we receive commissions as a result of recommending a product to you, we may reduce our fees for service. In

the event that we reduce our fees for service in this manner and you decide not to proceed with our

recommendations, or if your insurance policies are cancelled within the first 2 years ’ of acceptance (in which case the insurer claims back the commission paid to us), we may invoice you directly for the cost of our service.

Additional privacy disclosures – our business partners In order to keep our costs competitive, our practice uses specialist business support resources that are located in

the following country (or countries): Vietnam, Malaysia.

The organisation/s we have contracted to support our business have confirmed to us th ey will adhere to the

Australian Privacy Principles when dealing with your personal information. They will not contact you or share your

information with any other party unless they have our express approval .

My contact details P: 02 9392 7100 M: 0411 722 030 E: [email protected] A: Level 10, 88 Phillip Street Sydney NSW 2000

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Adviser Profile Benjamin Donald B.Bus, Adv. Dip. Fin Serv. (FP) This adviser profile forms an essential part of the Financial Service Guide (FSG). The FSG is not complete without it.




Benjamin Donald is an Authorised Representative of Millennium3 Financial Services Pty Ltd (Millennium3) AFSL 244252.

Benjamin Donald is employed by Austbrokers Financial Solutions (Syd) Pty Ltd which is a Corporate Authorised Representative of Millennium3.

The financial advice and other services you receive will be provided to you by Benjamin Donald, or another employee of Austbrokers Financial Solutions (Syd) Pty Ltd, on behalf of Austbrokers Financial Solutions (Syd) Pty Ltd.


I joined Austbrokers in 2011 as a risk specialist and became an equity partner in 2015. I am currently completing my Masters in Financial Planning and hold a Bachelor of Business and Advanced Diploma of Financial Services. My focus is on tailored risk insurance strategies and advice for individual and business clients.

Services offered


Personal Insurance

Superannuation

Business Insurance

Products offered

Life insurance products Superannuation







Bonus – I may be eligible to receive a bonus, based on a combination of revenue and certain non-financial measures (such as the quality of my service).





My Other Benefits and Interests

I currently hold a 5% shareholding in Austbrokers Financial Solutions (SYD) Pty Ltd.









Commissions Some providers pay commissions to Millennium3. The amount of commissions received will depend upon the type of product and the amount invested or premium paid.

If we receive commissions as a result of recommending a product to you, we may reduce our fees for service. In the event that we reduce our fees for service in this manner and you decide not to proceed with our

recommendations, or if your insurance policies are cancelled within the first 2 years ’ of acceptance (in which case

the insurer claims back the commission paid to us), we may invoice you directly for the cost of our service.



The organisation/s we have contracted to support our business have confirmed to us they will adhere to the

Australian Privacy Principles when dealing with your personal information. They will not contact you or sh are your

information with any other party unless they have our express approval .

My contact details P: 02 9392 7108 M: 0409 812 350

E: [email protected] A: Level 10, 88 Phillip Street Sydney NSW 2000

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Nicholas d’Apice

DipFinPlan, BA, LLB (Hons), MLB

Adviser Profile





Nicholas d’Apice is an Authorised Representative of Millennium3 Financial Services Pty Ltd (Millennium3) AFSL 244252.

Nicholas d’Apice is employed by Austbrokers Financial Solutions (Syd) Pty Ltd trading as Austbrokers Financial Services (Syd)

which is a Corporate Authorised Representative of Millennium3.

The financial advice and other services you receive will be provided to you by Nicholas d’Apice , or another employee of

Austbrokers Financial Services (Syd) , either on their own behalf or on behalf of Austbrokers Financial Services (Syd) .

My qualifications and experience

I joined Austbrokers in 2016. I hold Diploma of Financial Planning, a Bachelor of Arts, a Bachelor of Laws with Honours and a Master

of Law and Business.

Services offered


• Personal Insurance

• Superannuation

Products offered

• Life insurance products

• Superannuation

Additional privacy disclosure – our business partners

In order to keep our costs competitive, our practice uses specialist business support resources that are located in the followingcountry (or countries): Vietnam, Malaysia

The organisation/s we have contracted to support our business have confirmed to us they will adhere to the Australian PrivacyPrinciples when dealing with your personal information. They will not contact you or share your information with any otherparty unless they have your express approval.

My contact details

E: [email protected]

A: Level 10, 88 Phillip Street Sydney NSW 2000 Australia

P: 02 9392 7112

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As the licensee, Millennium3 collects all advice fees and commissions. Millennium3 then pays the fees and commissions, less

an agreed amount (the licensee fee), to my Practice. The licensee fee retained by Millennium3 can range between $0 and

$150,000 (excluding GST) per annum.

My Practice pays me out of the fees and commissions it receives from Millennium3, by one or more of the methods outlined

below.

• – I may be paid a salary based on my experience and capability.

• Bonus

Salary

– I may be eligible to receive a bonus, based on a combination of revenue and certain non-financial measures


• Profits – I may be eligible to receive a percentage of profits from the Practice.

• Other – I may also receive other benefits, all of which are outlined in the FSG or will be disclosed in the advice document

at the time of providing advice.

At the time of providing advice, I will disclose the amounts that Millennium3, the Practice and I receive (if any) as a result of

that advice.

How I am paid

Before providing advice, we will agree the fees and payment options with you. The fee you pay will depend on the complexity


Your options to pay for our services can include fee for service, commission, or a combination of both.

Fee for service

Fee for service is based on the service we provide. This fee can be determined by:

• An hourly rate • A percentage of funds invested (excluding borrowed funds)

• A fixed dollar amount • A combination of these methods

We can invoice you directly for our fee for service. Alternatively, some products allow an adviser service fee to be deducted

from the balance of your investment.

Commissions

Some product providers pay commissions to Millennium3. The amount of commissions received will depend upon the type of

product and the amount invested or premium paid.

If we receive commissions as a result of recommending a product to you, we may reduce our fee for service. In the event that we

reduce our fee for service in this manner and you decide not to proceed with our recommendations, or if your insurance policies

are cancelled within the first 2 years’ of acceptance (in which case the insurer claims back all or some of the commission paid to

us), we may invoice you directly for the cost of our service.

Client fee and payment options

Adviser Profile Brigitte Phillips





Brigitte Phillips is an Authorised Representative of Millennium3 Financial Services Pty Ltd (Millennium3) AFSL 244252.

Brigitte Phillips is employed by Austbrokers Financial Solutions (Syd) Pty Ltd which is a Corporate Authorised Representative of

Millennium3.

The financial advice and other services you receive will be provided to you by Michael d’Apice, or another employee of

Austbrokers Financial Solutions (Syd) Pty Ltd, on behalf of Austbrokers Financial Solutions (Syd) Pty Ltd .


Brigitte is a Platinum Adviser with RG146 accreditation. Brigitte has been involved in Financial Services for almost 10 years.

Services offered


Personal Insurance

Superannuation

Products offered

Life insurance products

Superannuation







Bonus – I may be eligible to receive a bonus, based on a combination of revenue and certain non-financial measures














Commissions Some product providers pay commissions to Millennium3. The amount of commission received will depend upon the type of product and the amount invested or premium paid.

If we receive commissions as a result of recommending a product to you, we may reduce our fee for services. In

the event that we reduce our fee for service in this manner and you decide not to proceed with our recommendations, or if your insurance policies are cancelled within the first 2 years’ of acceptance (in which case

the insurer claims back the all or some of the commission paid to us), we may invoice you directly for the cost of

our service.





information with any other party unless they have our express approval.

My contact details M: 0418 479 802 P: 02 4253 2513


A: 39 Montague Street Wollongong NSW 2500 Australia

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Millennium3 Financial Services Pty Ltd | ABN 61 094 529 987 | AFSL 244252

Adviser Profile

Anthony De Rosa

Dip. Fin Serv. (FP), Q.P.I.B.





Anthony De Rosa is an Authorised Representative of Millennium3 Financial Services Pty Ltd (Millennium3) AFSL

244252.

Anthony De Rosa is employed by Austbrokers Financial Solutions (Syd) Pty Ltd which is a Corporate Authorised

Representative of Millennium3.

The financial advice and other services you receive will be provided to you by Anthony De Rosa, or another employee

of Austbrokers Financial Solutions (Syd) Pty Ltd, either on their own behalf or on behalf of Austbrokers Financial

Solutions (Syd) Pty Ltd.


Anthony has several years’ experience as a financial planner in Australia as well as a career in private banking in Hong

Kong. Anthony currently holds a Diploma of Financial Services and a Diploma of Business. His focus is on tailored risk

insurance strategies and advice for individual and corporate clients.

Services offered


• Personal Insurance

• Superannuation

• Business Insurance

Products offered

• Life insurance products

• Superannuation

Millennium3 Financial Services Pty Ltd | ABN 61 094 529 987 | AFSL 244252

How I am paid

As the licensee, Millennium3 collects all advice fees and commissions. Millennium3 then pays the fees and





•••• Salary – I may be paid a salary based on my experience and capability.

•••• Bonus – I may be eligible to receive a bonus, based on a combination of revenue and certain non-financial measures


•••• Profits – I may be eligible to receive a percentage of profits from the Practice.

•••• Other – I may also receive other benefits, all of which are outlined in the FSG or will be disclosed in the advice


At the time of providing advice, I will disclose the amounts that Millennium3, the Practice and I receive (if any)

as a result of that advice.

Client fee and payment options

Before providing advice, we will agree the fees and payment options with you. The fee you pay will depend on the complexity


Fee for service

Fee for service is based on the service we provide. This fee can be determined by:

• An hourly rate • A percentage of funds invested (excluding borrowed funds)

• A fixed dollar amount • A combination of these methods



Commissions

Some providers pay commissions to Millennium3. The amount of commissions received will depend upon the type

of product and the amount invested or premium paid.

If we receive commissions as a result of recommending a product to you, we may reduce our fees for service. In

the event that we reduce our fees for service in this manner and you decide not to proceed with our

recommendations, or if your insurance policies are cancelled within the first 2 years’ of acceptance (in which case

the insurer claims back the commission paid to us), we may invoice you directly for the cost of our service.

Additional privacy disclosures – our business partners

In order to keep our costs competitive, our practice uses specialist business support resources that are located in




information with any other party unless they have our express approval.

My contact details

P: 02 9392 7123

M: 0467 218 443


A: Level 10, 88 Phillip Street Sydney NSW 2000

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